Quorum

Japanese shareholder activism, proposals, buybacks and take-privates — read in the original Japanese from primary EDINET/TDnet filings, recorded in English, with the source linked.

Records

• A company an activist is watching just sold about ¥3 billion of another company's stock Katakura sold part of its Hulic cross-shareholding under Zennor's watch — but the filing credits Hulic's own offering, not the fund, and the profit jump is a one-time gain.
• An activist crossed 5% at five companies. Watch what two of them did next. Kanadevia raised its dividend forecast and Nichirei cut its profit targets — the same day, neither naming Oasis Management.
• A different activist, the same ceiling: Strategic Capital at Yellow Hat and Noritake 14.25%–31.8% approval — almost exactly the band Oasis Management produced at Kyocera and KADOKAWA, from an unrelated fund.
• Japan AGM season 2026: activist proposal vote results KADOKAWA 59.68%, Kyocera 63.84%, HORIBA 74.4% — every vote percentage from the resolution filings, with sources.
• Toho HD's poison pill passed at 54.70% — the tightest vote of the 2026 AGM season 3D Investment Partners' five-year campaign and a Glass Lewis vote-against weren't enough — but 54.70% is the narrowest margin logged this season.
• Elliott pushed a ¥16,300 buyout to ¥20,600. Then the company delisted. Toyota Industries' price rose 26.4% under sustained Elliott pressure — no vote, no competing bidder — before ¥5.9tn deal closed and the company delisted.
• The law barred 33 shareholders from this vote. The proposal lost anyway. Keihanshin Building's cross-shareholders were legally excluded from voting on their own buyout — the remaining shareholders rejected it anyway, 29.4% to passage.
• Oasis Management's Japan activist positions (2026) Five companies above 5% in one week — IIJ, KYB, Kanadevia, Ichikoh, Nichirei.
• Oasis Management's 7.48% stake in IIJ (3774) 13,723,994 shares, ~¥36.4bn, important-proposal box checked.
• Bain Capital's 2026 Japan take-privates: MCJ and INFORICH Two delistings, two shell companies, one fund — with the bank debt behind each.
• Bain Capital's ¥155.7bn take-private of MCJ (6670) 69.56% via BCPE Meta; shares pledged to the lending banks.
• Bain Capital's take-private of INFORICH / ChargeSPOT (9338) 97.82% with management via BCJ-102.